Looking ahead, we have every confidence in the China-Russia comprehensive strategic partnership of coordination. I will continue to work with President Putin to ensure that the relationship will make sound progress along the right track so as to promote the development and renewal of both our countries and contribute to the prosperity and stability of the world.
Q2. There is a view that China and Russia have far stronger political relations than economic relations. In your view, what can be done to boost economic ties between the two countries and what are the priority areas and projects?
Xi: President Putin and I both attach great importance to promoting bilateral economic ties. Economic cooperation and trade is the most wide-ranging area in our practical cooperation and enjoys great potential.
We need to take a comprehensive view of the development of our economic ties. China has been Russia's top trading partner for seven consecutive years. Last year, despite such negative factors as the sluggish global economy and prices fluctuations in oil and other commodities, China-Russia economic cooperation started growing again with the trade volume reaching 69.53 billion U.S. dollars, up by 2.2 percent year on year. In the first five months of this year, the two-way trade grew even faster by 26 percent and the total volume in 2017 is expected to exceed 80 billion dollars.
In particular, the structure of China-Russia economic cooperation and trade continues to improve and quite a few new areas of growth have emerged. First, the robust growth in the trade of mechanical and electrical products as well as high-tech products, registering a 20.8 percent and 19.4 percent increase respectively in the first quarter of this year. Second, burgeoning investment cooperation. This year, our intergovernmental investment cooperation committee decided on a list of 73 new projects, some of which are being carried out according to plan. Third, the deepening financial cooperation. The Central Bank of Russia set up its first overseas office in China. With one of its enterprises issuing "Panda bonds" in China, Russia has become the first among the countries along the Belt and Road to do so. To promote cooperation between China's northeast and Russia's far east, China has announced the establishment of the China-Russia Regional Cooperation Development and Investment Fund with a total scale of 100 billion yuan. Fourth, the rapid growth in the trade of agricultural products. China welcomes more imports of high-quality agricultural products from Russia. Fifth, faster progress in the joint development of the far east, for which China is its largest trading partner. The two sides are working on a number of promising projects in the areas of deep processing of resources, port logistics, modern agriculture and infrastructure development. Sixth, the steady progress of major strategic projects in the fields of energy, nuclear power, aviation, aerospace and cross-border infrastructure construction, including smooth progress in the construction of the eastern route of the China-Russia natural gas pipeline, the active participation of Chinese enterprises in the Yamal LNG project, and the opening in Shanghai this May of a joint-venture to manufacture long-range wide-body passenger aircraft.
【国内英语资讯:Full text of Chinese President Xis written interview with Russian media】相关文章:
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